Insert your own punch line here. The New York Times says they were chatting at the Sun Valley conference, but we don't know what they said.
The former chief is is reportedly banking on his Internet experience at Yahoo to bolster IMG's Internet operations and media offerings.
The former CEO, who stepped down from that role last summer, severs his last ties to the company.
Yahoo CEO Terry Semel sits down with Kara Swisher, author and columnist at The Wall Street Journal, in front of a packed house at the Commonwealth Club in San Francisco, where he shares the early challenges of taking over the reins at Yahoo and his approach to keeping the company focused.
There's no small irony in Terry Semel's suggestion last week that Jerry Yang "think hard about being our CTO."
Terry Semel has been replaced as CEO by Jerry Yang. What led to this and what is next for Yahoo?
The company names co-founder Jerry Yang to be CEO, as Terry Semel shifts to a role as nonexecutive chairman.
After six years, Terry Semel is stepping aside as Yahoo's CEO and Jerry Yang is taking the reins.
Shareholder advisory firms urge shareholders to protest Yahoo CEO's $71 million salary package by voting against re-election of three board members.